- 5 years ago
- Wedding: October 2013
I just finished reading another thread on here about how someone managed to spend double what she budgeted on her wedding. I know we’ve all spoken about our budgets, but I’d be curious to know how you came to that number. Plus, this might help future brides figure out how to properly budget.
We budgeted $10k. To make our budget, we first asked our families if they were contributing anything to help us (they aren’t). Then we figured out a date and how much money we could save by that point.
Next, we estimated costs and researched the going rate for things, then decided what mattered most (ie which things were most important to me to spend money on (venue, officiant, photographer), how much I was willing to spend on certain things (for example, our decoration budget for the ceremony is $100, for the reception is $250). The big ticket items, we determined first, looking for something that was top of the line in our budget. Our venue is $4500, but it comes with pretty much 80% of the wedding requirements (linens, food, space, cleanup. breakdown, DoC, booze, etc).
For the smaller items, I have been comparison shopping left and right. I now know the going rate of almost everything involved in our wedding and I have used coupons, craigslist, the waiting game, etc for the good deals to come along.
Our final cost is going to be about $12k. Yes, that is 2k over but you can’t be perfect. For example, I budgeted $1k for a photographer, not realizing all the different packages and how much they go for. There needs to be wiggle room in your budget. We’re paying $1.5k for our photographer which is acceptable. If we ended up paying $5k when I budgeted, that’s a big red flag to avoid.
So, how did determine your budget? Advanced calculus? Ouija board? Your parents telling you you have $30k to spend?